USD Index extends the range bound theme around 106.30

The greenback, in terms of the USD Index (DXY), manages to regain balance and revisits the106.30 zone at the beginning of the week. USD Index focuses

The index regains the smile in the low-106.00s. Investors expect the Fed to keep rates on hold in November. Inflation tracked by the PCE takes centre stage this week. on risk trends, geopolitics The index maintains the side-lined theme for yet another session on Monday, always in the low-106.00s and amidst alternating risk appetite trends for the time being. In the meantime, market participants continue to look at the geopolitical front in the Middle East for some near-term direction.

In the meantime, support for the dollar keeps coming from the good health of the US economy, which at the same time appears underpinned by the renewed tighter-for-longer stance narrative from the Federal Reserve.

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